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AGREEMENT FOR THE PAYMENT OF PUBLIC IMPROVEMENTS THIS AGREEMENT, made and entered into this J-�_ day of -s,) LY 2014 by and between the CITY OF SANTA ANA, a municipal corporation of the State of California ("City") and Core Holdings LLC ("Developer"), RECITALS: A. The Developer proposes to develop The Roost improvements on property located at 601 East Santa Ana Boulevard in the City of Santa Ana (the "Development"). B. As a condition to the Development, the Developer is required by the City to install certain public improvements ("Improvements"). The City and the Developer wish the City to perform the installation of the Improvements on behalf of the Developer, at the Developer's sole cost and expense, WHEREFORE, in consideration of the foregoing, the parties hereby agree as follows: 1. Developer furnished improvement drawings dated June 27, 2014 to City for approval. City approved drawings with stamp and signature dated July 3, 2014. 2. The estimated cost of the Improvements is $60,000.00 for construction. The Developer shall pay the sum of $60,000.00 to the City. City shall construct improvements; sewer, water, asphalt concrete pavement, double king street light, street tree, sidewalk, curb & gutter, curb ramp and driveway approach, per approved drawings. 3. NOTICE All notices pertaining to this AGREEMENT and all communications from the parties may be made by delivery and said notices or communications in person or through the U.S. Mail, first class, certified, return receipt requested and addressed as follows: To DEVELOPER: Core Holdings LLC 1923 North Westwood Avenue Santa Ana, CA 92706 Attn: Davin Gumm To CITY: City of Santa Ana Public Works Department 20 Civic Center Plaza M-21 P.O. Box 1988 Santa Ana, CA 92702 Attn: City Engineer Written notice is effective five days after mailing to the most current address provided by the parties. Failure by either party to notify the other of a change in mailing address shall not invalidate service by mail to the most current address provided by that party. Personal service of notice Is effective upon delivery. 4. If any term, covenant, condition or provision of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of the provisions hereof shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby. 6. This Agreement has been executed and delivered in the State of California and the validity, enforceability and interpretation of any of the clauses of this Agreement shall be determined and governed by the laws of the State of California. All duties and obligation of the parties created IN 01 20A-5